Leading brokerage firm Motilal Oswal Financial Services has named Delhivery Ltd and PN Gadgil Jewelers among its top stock picks for the week, citing strong fundamentals, promising growth trajectory and regional tailwinds. The firm’s latest market report highlights that these stocks have shown resilience amid recent volatility and are well-positioned to benefit from favorable industry trends and improving macroeconomic indicators.
According to a Motilal Oswal research note, both companies demonstrate consistent revenue growth, strategic business positioning and strong management execution – factors that make them attractive bets for investors seeking medium-term gains.
Delhivery: Strength in logistics and e-commerce expansion
Delhivery Limited, one of India’s leading logistics and supply chain management companies, has been selected for its improved operational efficiencies and strong e-commerce tailwind. Analysts at Motilal Oswal said the company’s focus on expanding its express parcel and supply chain services is yielding positive results, with an increasing share of revenue from small and medium enterprises.
Delhivery’s stock has gained about 12% in the last month, outperforming the broader Nifty 500 index. The brokerage believes the company is entering a high-growth phase as e-commerce and instant commerce platforms are enhancing their delivery infrastructure.
“Delhivari’s focus on technology-driven logistics and network optimization positions it well to exploit the next wave of e-commerce growth in India,” the report said.
The company’s continued investment in automation and AI-based route optimization tools is expected to enhance margins in the coming quarters. Motilal Oswal set a target price of ₹560, implying an upside of around 15% from current levels.
The logistics sector, which faced headwinds during the pandemic and early inflationary periods, is witnessing a revival. Demand for faster and more reliable delivery networks is pushing companies like Delhivery to innovate aggressively. Analysts also highlighted that lower fuel prices and a pickup in industrial production could further support the company’s profitability.
PN Gadgil Jewellers: Shining Bright Ahead of the Festive Season
PN Gadgil Jewellers, a major player in the Indian jewelry market, has been another top recommendation from Motilal Oswal for this week. The brokerage firm expects strong selling momentum on the back of a favorable gold price environment as the festive and wedding season approaches, which is attracting investment-oriented buyers.
The report highlights that PN Gadgil’s focus on expanding its retail footprint and strengthening its online presence has boosted brand visibility and customer engagement. The company’s recent financial performance has seen steady growth in both revenues and margins, supported by growing consumer demand for premium and traditional jewelry designs.
“With the onset of the festive season and stabilization of gold prices, PN Gadgil expects strong sales growth in the coming quarters,” Motilal Oswal said in its note.
The brokerage has set a target price of ₹1,200, indicating a potential upside of 18% from current market levels. Analysts believe the company’s strong brand recall, efficient inventory management and growing presence in tier-II and tier-III cities will continue to drive growth.
Market sentiment and broader outlook
The stock market has seen a mix of gains and corrections in recent sessions due to fluctuations in global indices, crude oil prices and expectations over interest rate changes by the US Federal Reserve. Despite the volatility, domestic equities have managed to remain resilient, supported by strong corporate earnings and positive FII inflows.
Motilal Oswal’s weekly report noted that selective stock picking remains crucial in the current market environment, where valuation concerns persist across certain sectors. The brokerage emphasized focusing on companies with solid fundamentals, strong cash flows, and sectoral growth potential — a strategy reflected in its choices of Delhivery and PN Gadgil.
The report also added that defensive and consumption-oriented plays, particularly in logistics and jewelry, are likely to outperform in the near term as consumer spending picks up ahead of the festive season.
Expert Opinions
Market experts echo Motilal Oswal’s optimism regarding both picks. According to independent market analyst Vivek Mittal, “Delhivery is moving towards operational profitability, which is a significant positive. The company’s strategic expansion in warehousing and cross-border logistics will further strengthen its market share.”
On PN Gadgil, Anita Deshmukh, a jewelry sector analyst, noted, “The brand continues to capture growing demand in organized jewelry retail. Its expansion into smaller cities is a key growth driver, especially as consumers shift from unorganized to organized players.”
Sectoral Trends to Watch
Logistics: The Indian logistics industry is projected to grow at a CAGR of 8–10% over the next five years, driven by government infrastructure investments, the rise of e-commerce, and increasing global trade linkages
Jewelry: The organized jewelry market is expanding, with consumer preference shifting toward branded players due to trust, transparency, and modern designs. The sector is expected to see double-digit growth during FY26, boosted by festive demand and stable gold prices.
These macro trends support Motilal Oswal’s bullish stance on both Delhivery and PN Gadgil Jewellers as part of its tactical weekly portfolio strategy.
Investor Takeaway
Motilal Oswal’s top stock picks this week reflect a balanced approach between high-growth and defensive sectors. Delhivery offers exposure to India’s rapidly evolving logistics landscape, while PN Gadgil Jewellers provides stability through its deep-rooted brand and seasonal demand boost.
Investors are advised to adopt a medium-term perspective and monitor quarterly results for confirmation of growth trends. The brokerage suggests that both stocks have potential for double-digit returns if market conditions remain favorable.
As the Indian market navigates through earnings season and festive spending upticks, Motilal Oswal’s selective approach underscores confidence in sectors tied to consumption and infrastructure — signaling opportunities for investors seeking stable yet growth-oriented portfolios.
